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2015 (11) TMI 482 - AT - Income TaxSale of Shares, Units and Securities through Portfolio Management Services - Capital gain or Profit and Gains of Business or Profession - Held that:- following the earlier years precedence in assessee’s own case, right from assessment year 2005-06 to 2007-08, we hold that the transaction made through PMS is to be taxed under the head “capital gains” and not ‘business income’ as relying on Manan Nalin Shah Versus DCIT 14(1), Mumbai [2012 (9) TMI 793 - ITAT MUMBAI] - Decided in favour of assessee.
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